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100 Pesos

Issuer President Quezon's Own Guerrillas (II Corps)
Year 1944
Type Local banknote
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Obverse description Central vignette of a guerrilla fighter in action pose on a hillside, rendered in simple letterpress line work on pink paper. Text panels flanking the vignette carry the issuing authority inscription on the left and the authorization legend on the right, with a PQOG monogram device at lower right alongside a manuscript signature of the Commanding Officer. Denomination numerals '100' appear at lower left and lower right corners, with 'ONE HUNDRED PESOS' across the bottom margin.
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Reverse description Central vignette of a spread-winged American-Philippine eagle clutching bundles of arrows in both talons, with the Philippine Commonwealth arms on its breast and the 'PQOG' legend arched above, all rendered in simple letterpress line work on pink paper. Denomination '100 PESOS' appears in large block numerals at the left and right sides of the design.
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Comments

The President Quezon's Own Guerrillas were a recognized guerrilla unit operating in the Visayas under II Corps command during the Japanese occupation of the Philippines. Their emergency currency issues of 1944 fall into a category the Philippine Commonwealth government-in-exile actively encouraged — local commanders were authorized to print scrip to sustain operations and maintain civilian economic activity in areas beyond Japanese administrative reach.

P#S448 sits at the higher end of the PQOG denomination range, which made it more useful for bulk transactions with suppliers than for everyday exchange. High-denomination guerrilla notes frequently saw limited hand-to-hand circulation and were redeemed or destroyed after liberation — survivors tend to show either heavy use or almost none.

Redemption was officially processed after 1945 under U.S. Army and Commonwealth authority, though not all claims were honored in full.

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